Editor's Note:
Lacking any major headlines on Tuesday the market slowly drifted lower. Fund managers could be counting time as they wait for the first quarter to end on Friday.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 37.68 change: -0.09

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: + 2.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: AKAM delivered a quiet session on Tuesday. Shares drifted sideways in a narrow range under the $38.00 level. I remain bullish given the breakout past $37.50 but readers may want to raise their stops closer to the 50-dma.

current Position: Long AKAM stock @ $36.82

- or -

Long Apr $36 call (AKAM1217D36) entry $1.92

- or -

Long May $40 call (AKAM1219E40) entry $1.39

03/15/12 new stop loss @ 34.95
03/13/12 trade opened this morning
03/12/12 not open yet. try again.

Entry on March 13 at $36.82
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.9 million
Listed on March 10, 2011


Abercrombie & Fitch - ANF - close: 51.12 change: -0.08

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: - 1.8%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/27 update: Hmm... the S&P 500 lost -0.28% and ANF only lost -0.15%. I can't call that underperformance but I remain cautious on this stock. The morning bounce failed at the simple 10-dma, which is short-term bearish. More conservative traders will still want to consider an early exit even though the $50.00 level should be support. I am not suggesting new positions at this time. We'll wait to see if ANF can bounce at $50.00.

Earlier Comments:
We want to keep our position size small to limit our risk. There is potential resistance at the top of the November gap near $55.00. Plus the exponential 200-dma (near $54.40) and the simple 150-dma (near 55.15) could both be technical resistance. Our exit target is $56.50. FYI: The Point & Figure chart for ANF is bullish with a $69.00 target.

current Position: Long ANF stock @ $52.05

- or -

Long Apr $52.50 call (ANF1221D52.5) Entry $2.25

03/26/12 warning! ANF did not participate in the rally today

Entry on March 14 at $52.05
Earnings Date 05/16/12 (unconfirmed)
Average Daily Volume = 3.2 million
Listed on March 13, 2011


ANN Inc. - ANN - close: 29.38 change: +0.13

Stop Loss: 27.25
Target(s): 31.75
Current Gain/Loss: + 1.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: ANN spiked higher this morning but gains faded. Shares ended the session with a +0.4% gain. If you're looking for an entry point now readers might want to wait for ANN to fill the gap, which means a dip toward $28.60.

current Position: Long ANN stock @ 29.25

- or -

Long May $30 call (ANN1219E30) current ask $1.05

03/26/12 ANN gapped open above our trigger (28.75). Trade opened this morning at $28.89

Entry on March 26 at $28.89
Earnings Date 05/18/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on March 24, 2011


Broadcom Corp. - BRCM - close: 38.95 change: +0.02

Stop Loss: 36.45
Target(s): 44.00
Current Gain/Loss: + 0.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: BRCM managed to post a gain but I find the action today to look bearish. BRCM broke out past short-term resistance at $39.00 but couldn't hold it. Now it has a failed rally pattern. We can expect a dip back toward the 10-dma or the $38.00-37.50 area. I am not suggesting new positions at this time.

Earlier Comments:
The rise past $39.00 has created a brand new Point & Figure chart triple top breakout buy signal that is currently forecasting at $50 target.

current Position: Long BRCM stock @ $38.75

- or -

Long May $40 call (BRCM1219E40) Entry $1.52

Entry on March 19 at $38.75
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 8.8 million
Listed on March 17, 2011


ClickSoftware Tech. - CKSW - close: 12.78 change: -0.20

Stop Loss: 12.40
Target(s): 14.90
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/27 update: CKSW could not get past resistance at the $13.00 level this morning. We are waiting for a breakout higher.

I am suggesting a trigger to open small bullish positions at $13.15. We will try and limit our risk with a stop at $12.40. Our target is $14.90. More aggressive traders may want to aim higher. FYI: The Point & Figure chart for CKSW is bullish with a $19.25 target.

Trigger @ 13.15

Suggested Position: buy CKSW stock @ (trigger)

- or -

buy the May $12.50 call (CKSW1219e12.5)

Entry on March xx at $ xx.xx
Earnings Date 04/28/12 (unconfirmed)
Average Daily Volume = 184 thousand
Listed on March 26, 2011


eBay Inc. - EBAY - close: 37.87 change: -0.21

Stop Loss: 35.75
Target(s): 39.50
Current Gain/Loss: + 4.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: Positive analyst comments on EBAY today were not enough to keep the stock above resistance at the $38.00 level. Shares slowly faded to a -0.5% decline. If the market dips again we can look for EBAY to fall toward short-term support near $37.00. I am not suggesting new positions at this time.

current Position: Long EBAY stock @ $36.29

- or -

Long Apr $35 call (EBAY1221D35) entry $2.02

03/26/12 new stop loss @ 35.75
03/13/12 trade opened this morning
03/12/12 not open yet. try again. added a trigger at $36.85

Entry on March 13 at $36.29
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 10.6 million
Listed on March 10, 2011


The Hain Celestial Group - HAIN - close: 44.27 change: -0.04

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 8.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: HAIN tagged a new relative high at $44.62 today. Our exit target is $44.75. Given this close call more conservative traders may want to just go ahead and exit early now to lock in gains. I am not suggesting new positions at this time. More aggressive traders may want to aim higher.

(small positions)

current Position: Long HAIN stock @ $40.85

03/19/12 new stop loss @ 41.40
03/17/12 new stop loss @ 40.85
03/05/12 new stop loss @ 39.75
03/03/12 new stop loss @ 39.45
02/29/12 triggered at $40.85
02/27/12 trade did not open. Adjusting entry strategy to buy HAIN at $40.85 with a stop loss at $38.95
02/25/12 trade did not open. Try again

Entry on February 29 at $40.85
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 430 thousand
Listed on February 23, 2011


Level 3 Communications - LVLT - close: 26.37 change: -0.76

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 0.7%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: The up trend in LVLT could be in trouble. Shares reversed yesterday's bounce with a -2.8% decline today. Furthermore LVLT has closed under short-term support at the 10-dam. More conservative traders may want to exit early or raise their stop loss. If the market continues to dip I am expecting LVLT to pull back toward the $25.25-25.00 area.

Earlier Comments:
The stock could see a short squeeze. The most recent data listed short interest at 26% of the 153 million-share float. FYI: The Point & Figure chart for LVLT is bullish with a long-term $41.50 target.

current Position: Long LVLT stock @ $26.17

- or -

Long Apr $25 call (LVLT1221D25) Entry $2.30

03/26/12 today's bounce off the 10-dma could be a new entry point
03/15/12 new stop loss @ 24.70, adjust exit target to $29.00
03/15/12 trade opened on LVLT's gap higher at $26.17, which is above our trigger to open positions at $25.25.

Entry on March 15 at $26.17
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 2.4 million
Listed on March 14, 2011


NetApp, Inc. - NTAP - close: 46.06 change: -0.27

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: + 0.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: NTAP spent Tuesday in a relatively narrow range. Readers may want to wait for a new dip near $45.00 or the simple 10-dma near $44.85 before considering new bullish positions.

Our short-term target is $49.75. More aggressive traders may want to aim higher. The Point & Figure chart for NTAP is bullish with a $65.00 target.

current Position: Long NTAP stock @ $45.97

- or -

Long Apr $45 call (NTAP1221D45) Entry $2.05

Entry on March 26 at $45.97
Earnings Date 05/23/12 (unconfirmed)
Average Daily Volume = 5.8 million
Listed on March 24, 2011


NXP Semiconductors - NXPI - close: 26.91 change: +0.04

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: + 1.5%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: Today's performance is almost identical to yesterday's with an early morning spike higher that reverses and then NXPI spends the rest of the day in a narrow range. More conservative trades may want to wait for another bounce off the 10-dma before considering new positions. FYI: The Point & Figure chart for NXPI is bullish with a $45.00 target.

(small positions)

current Position: Long NXPI stock @ $26.50

- or -

Long Apr $25 call (NXPI1221D25) Entry $2.25

03/23/12 NXPI hit our trigger for small positions at $26.50

Entry on March 23 at $26.50
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on March 19, 2011


Ardea Biosciences - RDEA - close: 23.01 change: -0.04

Stop Loss: 21.40
Target(s): 24.90
Current Gain/Loss: + 1.6%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/27 update: That's two days in a row that RDEA has failed near the $23.50 level. I strongly suspect this stock is poised to dip back toward $22.00, which should be new support.
FYI: The Point & Figure chart for RDEA is bullish with a long-term $31.50 target.

current Position: Long RDEA stock @ $22.65

03/23/12 RDEA hit our entry trigger @ 22.65

Entry on March 23 at $22.65
Earnings Date 03/09/12
Average Daily Volume = 307 thousand
Listed on March 22, 2011


Stamps.com Inc. - STMP - close: 28.13 change: -0.32

Stop Loss: 25.95
Target(s): 32.50
Current Gain/Loss: - 0.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: It was a quiet day for shares of STMP until the last 30 minutes of trading when the stock suddenly turned lower. More conservative traders may want to raise their stop loss. I am not suggesting new positions at this time.

Earlier Comments:
If the rally does continue we could see STMP accelerate due to short covering. The most recent data listed short interest at almost 16% of the very small 13.2 million share float.

This is a volatile stock. I am suggesting we keep our position size small to limit our risk.

(small positions)

Current Position: Long STMP stock @ $28.25

- or -

Long Apr $30 call (STMP1221D30) Entry $0.85

03/21/12 STMP hit our entry trigger at $28.25

Entry on March 21 at $28.25
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 508 thousand
Listed on March 15, 2011


TJX Companies - TJX - close: 39.53 change: +0.17

Stop Loss: 37.40
Target(s): 41.50
Current Gain/Loss: + 2.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: TJX continues to show relative strength as it inches closer and closer to the $40.00 level. There is no change from my prior comments. More conservative traders may want to take profits early near the $40.00 mark since $40 could prove to be round-number, psychological resistance.

current Position: Long TJX stock @ $38.60

- or -

Long Apr $37.50 call (TJX1221D37.5) Entry $1.60

03/26/12 conservative traders may want to take profits near the $40.00 mark
03/21/12 TJX hit our entry trigger at $38.60

Entry on March 21 at $38.60
Earnings Date 05/15/12 (unconfirmed)
Average Daily Volume = 4.6 million
Listed on March 20, 2011


The Toro Company - TTC - close: $71.34 change: -0.15

Stop Loss: 69.40
Target(s): 74.75
Current Gain/Loss: + 2.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27 update: TTC spent Tuesday in a very narrow range. Readers could try and launch new bullish positions on a bounce near $70.00 again or a breakout past $72.00. I am turning more cautious here and will raise our stop loss up to $69.40.

FYI: The Point & Figure chart for TTC is bullish with a $79.00 target.

current Position: Long TTC stock @ $69.32

03/27/12 new stop loss @ 69.40
03/22/12 adjust exit target to $74.75
03/20/12 new stop loss @ 67.40
03/15/12 new stop loss @ 66.40
03/13/12 Our TTC trade has been opened.
03/12/12 trade did not open. try again.
03/10/12 trade did not open. try again.
03/09/12 trade did not open. TTC opened lower and then bounced

Entry on March 13 at $69.32
Earnings Date 05/21/12 (unconfirmed)
Average Daily Volume = 330 thousand
Listed on March 08, 2011


Websense, Inc. - WBSN - close: 21.42 change: -0.01

Stop Loss: 19.85
Target(s): 23.50
Current Gain/Loss: + 0.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: WBSN hit new relative highs midday but the rally reversed. Shares closed almost unchanged. I view this as a very short-term top. We can look for a dip back toward $21.00 or the 10-dma, either should be short-term support. FYI: The Point & Figure chart for WBSN is bullish with a $26.00 target.

current Position: buy WBSN stock @ $21.24

03/26/12 Trade opened on WBSN's gap higher at $21.24. This is above our trigger of $21.15.

Entry on March 26 at $21.24
Earnings Date 04/24/12 (unconfirmed)
Average Daily Volume = 388 thousand
Listed on March 22, 2011


Wyndham Worldwide - WYN - close: 45.56 change: +0.21

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: + 0.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/27 update: WYN spiked toward its recent highs and reversed. This move is short-term bearish and if the market dips tomorrow we can look for WYN to fall toward the $45.00 level again.

Our multi-week target is $49.50. FYI: The Point & Figure chart for WYN is bullish with a long-term $82.00 target.

current Position: Long WYN stock @ $45.25

- or -

Long Apr $45 call (WYN1221D45) Entry $1.65

03/13/12 new stop loss @ 43.75
03/13/12 trade triggered at $45.25

Entry on March 13 at $45.25
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 1.7 million
Listed on March 12, 2011


BEARISH Play Updates

Greenbrier Companies - GBX - close: 20.85 change: -0.29

Stop Loss: 22.55
Target(s): 18.50
Current Gain/Loss: + 3.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/27 update: GBX dipped again with a -1.3% decline. Shares are nearing potential support at the simple 150-dma (near 20.35) and the $20.00 level again. I am not suggesting new positions at this time.

Earlier Comments:
Traders should be aware that the $20.00 level, with the 200-dma, could be short-term support but we are aiming for a drop to $18.50.

current Position: short GBX stock @ $21.50

03/26/12 new stop loss @ 22.55
03/17/12 Friday's intraday pullback from $23.00 can be used as a new bearish entry point.
03/14/12 triggered at $21.50
03/13/12 removed the April $22.50 put as a suggested trade due to a ridiculously wide spread.

Entry on March 14 at $21.50
Earnings Date 04/09/12 (unconfirmed)
Average Daily Volume = 468 thousand
Listed on March 12, 2011